Billionaire Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at Berkshire Hathaway's annual meeting May 1.

Buffett said it can be tough to pick the long-term winners. He pointed out that in 1903 there were more than 2,000 car companies, and nearly all of them failed even though cars have transformed the country since then.

"There's a lot more to picking stocks than figuring out what will be an incredible industry in the future," said Buffett, who is known for his remarkably successful investing record. "I just want to tell you that it's not as easy as it sounds."

JCB India announced a 10-day pause across all its manufacturing facilities in India, citing the rising number of COVID cases for this temporary suspension. The pause is a precautionary measure and applies to its manufacturing locations at Ballabgarh, Pune and Jaipur. To keep a steady flow of spare parts and customer service, dealerships will operate normally, while adhering to local guidelines.

Deepak Shetty, CEO & MD, JCB India said, "Sufficient inventory levels have been built to support the demand for our products during this period. We do not foresee any challenges in the availability of JCB products for our customers in India or for our export markets. All our customer and dealer-facing functions will operate normally, while adhering to local guidelines. There will be no disruption in product support for equipment being used by our customers due to this pause."

The Indian Air Force (IAF) airlifted 13 empty cryogenic oxygen tankers from Bangkok, Singapore and Dubai to India on Thursday. India is struggling with the second wave of the coronavirus infection as hospitals in several states are reeling under a shortage of medical oxygen and beds.

The IAF is currently transporting empty cryogenic oxygen tankers from three destinations outside India, a statement issued by it said. Three tankers from Bangkok, four from Singapore and six from Dubai were airlifted to India using the C-17 aircraft, it added.

Non-banking financial company (NBFC) lenders to MSMEs are staring at a significant impact on lending for at least the coming two-three month period as the second wave of the pandemic begins to take its toll on business operations. The impact is likely to be severe from April onwards as various Covid-related restrictions including night curfew, weekend lockdowns, weekly lockdowns, restricted timings for shops and markets to operate, etc., are likely to hit revenues for MSMEs now. "MSME lending sector will get impacted very heavily in the next two-three months as many of the companies are impacted due to lockdown. While industries are asking for operations, currently the loss of life is too high to build any conviction to run businesses unless healthcare support improves," Akshay Mehrotra, Founding Member, Fintech Association for Consumer Empowerment (FACE) told media.

India has inoculated less than 2% of its population with both doses of the covid19 vaccine and less than 10% with a single dose. With the vaccination drive expanding to all adults from May 1, several state govts have sought a review of vaccines prices, with the Supreme Court now hearing a suo moto case. #CNBCTV18 #Covid19 #CovidVaccination #BusinessNews #ShareMarketToday #Nifty #SensexCNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India.